Probably not a bad idea. The Q is coming and there will probably not be a positive reaction to the results. Think I'll wait to buy until NAV settles in and does't lose a dollar to dollar and a half a quarter. Also it would be nice to see the dividend stabilize. Management has been doing a very effective of reducing NAV and dividends over the last few years. I have some preferred, but I'll let them go when the NAV gets down to 10 or so.
Simple falling NAV and falling dividend, not a good scenario. Buying back shares and buying one of management's other REITs has only reduced the bleeding. Don't believe the simpleton Jake who doesn't seem to understand that the dividend pay date has nothing to do with selling near xdiv and buying back after xdiv. Pay date is irrelevant to who owns the stock at the time it is paid.
Not lying about anything. Read the headings, book value is lower. Obviously everything you know about this stock is a$$backwards fromm reality.
They finally came out with their monthly (2 months late) and filed the 8k. Go to arr web site and look at the SEC documents filed, and the look at the 8k filed today.
where'd you get the $30 bv from?? They haven't reported since Jan on what book was and it was going down not up. Last article from someone who read the Q in seeking alpha projected 24 to 26 which is probably more accurate since they are reticent to do a monthly report.
Never missed one and would be required to make it up if they did. Additionally, they are required to pay the dividend so long as they are buying back shares. This is a bunch of very foolish people selling away a quarterly paycheck.
As much as they'd like to buy it back I don't think they can (SEC rules) until the Q comes out. Might be an even greater discount after the Q.